BUA Group founder Abdulsamad Rabiu gives thanks to God as he acquires a brand-new Bombardier Global 8000 PJ worth $81M (N110B)

Nigerian billionaire businessman and founder of BUA Group, Abdul Samad Rabiu, has sparked reactions online after announcing the acquisition of a brand-new Bombardier Global 8000 private jet reportedly worth $81 million (about N110 billion).

Rabiu shared the development on his Instagram Stories on June 9, 2026, expressing gratitude to Allah for the latest addition to his fleet.

Accompanying a photo of the aircraft, the billionaire simply wrote, “Alhamdulillah. A new addition Global 8000.”

The acquisition comes amid a significant rise in Rabiu’s wealth. According to Bloomberg’s Billionaires Index, his net worth has climbed to $19.7 billion, representing an increase of approximately $9.53 billion this year and solidifying his position as Africa’s second-richest man behind Aliko Dangote.

The Bombardier Global 8000 is widely regarded as one of the most advanced business jets in the world. The aircraft boasts a top speed of Mach 0.95 and a range of up to 8,000 nautical miles, enabling nonstop flights between several major cities across continents.

Designed for ultra-long-range travel, the jet combines high-speed performance with luxury amenities, offering passengers the ability to travel vast distances with minimal stops. Industry experts have described the aircraft as one of the fastest and most capable civilian business jets currently available.

The announcement has since generated widespread reactions on social media, with many users commenting on the scale of the investment and Rabiu’s growing influence among Africa’s wealthiest individuals.

BUA Group is a major Nigerian conglomerate with interests spanning cement production, sugar refining, food processing, and real estate.

In early 2020, Rabiu merged his privately owned Obu Cement company with the publicly listed Cement Company of Northern Nigeria, a firm he already controlled. The merger led to the formation of BUA Cement Plc, which is listed on the Nigerian Stock Exchange, with Rabiu retaining a dominant 98.2% stake.

He also holds a 95% ownership in BUA Foods, one of the country’s leading publicly traded food companies.

Born into a business-oriented family, Rabiu inherited land from his father, which later contributed to his early entrepreneurial foundation. He began his business journey in 1988, trading in iron, steel, and chemicals before expanding into large-scale industrial ventures that now form the BUA empire.